MICRO BUBBELS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MICRO BUBBELS
Largest movements
- Receivables within one year -€42,560
down €42,560 (-82.9%), from €51,349 to €8,789
of which Trade receivables: -€40,317
- Cash +€38,396
up €38,396 (+198.8%), from €19,313 to €57,709
mainly Receivables within one year (+€42,560) and Depreciation (+€6,976)
- Tangible fixed assets -€6,976
down €6,976 (-17.4%), from €40,014 to €33,038
of which Other tangible fixed assets: -€3,826
- Debts after one year -€5,805
down €5,805 (-19.8%), from €29,332 to €23,528
of which Financial debts: -€5,805
- Trade debts -€5,772
down €5,772 (-28.2%), from €20,458 to €14,686
- Profit (loss) carried forward +€5,421
up €5,421 (+27.1%), from €19,970 to €25,392
- Tax, wage and social debts -€4,911
down €4,911 (-12.9%), from €38,021 to €33,109
of which Taxes: -€6,999
- Staff costs +€32,163
up €32,163 (+31.3%), from €102,842 to €135,005
- Gross operating margin +€31,212
up €31,212 (+25.7%), from €121,608 to €152,819
- Other operating charges -€3,552
down €3,552 (-94.9%), from €3,743 to €191
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,855 | €99,715 | -€11,140 | -10.0% |
| Fixed assets | 21/28 | €40,193 | €33,217 | -€6,976 | -17.4% |
| Tangible fixed assets | 22/27 | €40,014 | €33,038 | -€6,976 | -17.4% |
| Furniture and vehicles | 24 | €708 | €240 | -€468 | -66.1% |
| Leasing and similar rights | 25 | €4,474 | €1,792 | -€2,681 | -59.9% |
| Other tangible fixed assets | 26 | €34,832 | €31,006 | -€3,826 | -11.0% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €70,662 | €66,498 | -€4,164 | -5.9% |
| Amounts receivable within one year | 40/41 | €51,349 | €8,789 | -€42,560 | -82.9% |
| Trade receivables | 40 | €42,661 | €2,344 | -€40,317 | -94.5% |
| Other amounts receivable | 41 | €8,688 | €6,445 | -€2,244 | -25.8% |
| Cash at bank and in hand | 54/58 | €19,313 | €57,709 | +€38,396 | +198.8% |
| Total equity and liabilities | 10/49 | €110,855 | €99,715 | -€11,140 | -10.0% |
| Equity | 10/15 | €22,970 | €28,392 | +€5,421 | +23.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,970 | €25,392 | +€5,421 | +27.1% |
| Amounts payable | 17/49 | €87,885 | €71,323 | -€16,561 | -18.8% |
| Amounts payable after more than one year | 17 | €29,332 | €23,528 | -€5,805 | -19.8% |
| Financial debts | 170/4 | €25,332 | €19,528 | -€5,805 | -22.9% |
| Other amounts payable | 178/9 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,552 | €47,796 | -€10,756 | -18.4% |
| Trade debts | 44 | €20,458 | €14,686 | -€5,772 | -28.2% |
| Suppliers | 440/4 | €20,458 | €14,686 | -€5,772 | -28.2% |
| Taxes, remuneration and social security | 45 | €38,021 | €33,109 | -€4,911 | -12.9% |
| Taxes | 450/3 | €21,834 | €14,835 | -€6,999 | -32.1% |
| Remuneration and social security | 454/9 | €16,186 | €18,274 | +€2,088 | +12.9% |
| Other amounts payable | 47/48 | €73 | - | -€73 | |
| Remuneration, social security and pensions | 62 | €102,842 | €135,005 | +€32,163 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,578 | €6,976 | +€397 | +6.0% |
| Other operating charges | 640/8 | €3,743 | €191 | -€3,552 | -94.9% |
| Gross operating margin | 9900 | €121,608 | €152,819 | +€31,212 | +25.7% |
| Operating profit (loss) | 9901 | €8,445 | €10,648 | +€2,203 | +26.1% |
| Financial income | 75/76B | €949 | €324 | -€626 | -65.9% |
| Recurring financial income | 75 | €949 | €324 | -€626 | -65.9% |
| Financial charges | 65/66B | €1,999 | €2,284 | +€285 | +14.2% |
| Recurring financial charges | 65 | €1,999 | €2,284 | +€285 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €7,395 | €8,688 | +€1,293 | +17.5% |
| Income taxes | 67/77 | €3,025 | €3,266 | +€241 | +8.0% |
| Profit (loss) for the period | 9904 | €4,370 | €5,421 | +€1,052 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,370 | €5,421 | +€1,052 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.